Racine Charter One Inc

Analysis

Racine Charter One Inc is a registered charity in United States, based in Racine, WI. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Racine Charter One Inc reported income of $6.6m and spending of $7.1m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.7m to $6.6m (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Racine Charter One Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within WI. Charities of a similar size with the same main cause include Chatham Charter School ($6.6m), Michigan Science Center ($6.6m) and Karl G Maeser Preparatory Academy ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $135k (1.9% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $6.5m against liabilities of $1.9m, net assets of $4.6m. It reported 99 employees.